EU-Singapore_Free_Trade_Agreement
European Union–Singapore Free Trade Agreement
Bilateral relations
The EU-Singapore Free Trade Agreement, acronym EUSFTA, is a signed and ratified[1][2] free trade and bilateral investment treaty between the European Union and Singapore. EUSFTA has been negotiated since March 2010 and its text has been publicly accessible since June 2015.[3] The negotiations on goods and services were completed in 2012, on investment protection on October 17, 2014.[4]
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The agreement is expected to be the first free trade agreement with a member of the Association of Southeast Asian Nations and the third agreement with an Asian country after South Korea and Japan from an EU perspective. Singapore is the EU's 14th largest trading partner.
On October 19, 2018, three agreements were signed between the parties, the EU-Singapore Trade Agreement, the EU-Singapore Investment Protection Agreement and the Framework Agreement on Partnership and Cooperation.[5][6] The agreement was subsequently approved by the European Parliament on February 13, 2019.[7] On November 8, 2019, it was announced the agreement will come into force from November 21, 2019. This comes after the Council of the European Union approved the agreement.[1]